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Analysis of economics, politics and public policy in East Asia and the Pacific.
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Modi has the Ambition, but the Indian People Need More
There are some uncanny similarities between Narendra Modi and Barack Obama. Both have risen from humble beginnings, both are charismatic public speakers and consummate communicators on social media, both...
Gauging the Need for Panic over Chinese Equities
The Chinese authorities moved decisively on many fronts last week to put a floor under the collapse of Chinese stock markets. ChiNext, China’s NASDAQ, was plummeting from astronomical heights....
Measuring the Pace and Scope of China’s Innovations
Five years ago, few would have expected that China would produce four of the top ten global internet companies (by number of visitors) — Alibaba, Baidu, Tencent, and Sohu...
Vietnam’s Lack of Industrial-Deepening Could Undermine Their Strong Economy
Unlike many countries in Asia, and indeed in the world, Vietnam is for the moment blessed with a raft of positive economic news. However, beneath the surface, structural problems...
Is China Not Growing at its Potential Due to Monetary Policy?
There is a debate going on about the appropriateness of monetary easing in China. Monetary policy was excessively tight in 2014 but started loosening more meaningfully from late 2014,...
India as a Leading World Power: Dream Versus Reality
There appears to be growing euphoria that it is India’s ‘manifest destiny’ to overtake China and become the fastest growing major economy and a major world power. But unless...
Asian Countries Dependence on China for Trade has Pluses and Minuses
Economic integration has steadily increased in East Asia. But the region still suffers from what South Korean President Park Geun-hye calls ‘Asia’s paradox’, the disconnect between economic interdependence and...
Shinzo Abe and Park Geun-hye Celebrate the 1965 Japan-South Korea Treaty
The synchronised but separate 50th anniversary celebrations of the Japan–South Korea Treaty on Basic Relations illustrate the relationship between the two countries: inexorably close and painfully distant. The 22...
By 2050, One in Five Asians Project to be at Least 60 Years Old
What is the state of the world in terms of age structure? Currently, one in nine persons are already aged 60 years or over. With that figure projected to...
For a Brighter Future, Papua New Guinea Must Battle Entrenched Antipathy Toward Informal Economy
In Papua New Guinea (PNG), it is government policy to encourage growth and development of the informal economy. This may surprise observers aware of how often the ‘informal sector’...